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Iconiq Capital Portfolio holdings
AUM
$4.46B
1-Year Est. Return
22.86%
This Fund
S&P 500
This Quarter
Est. Return
-2.08%
1 Year Est. Return
-22.86%
3 Year Est. Return
+2.92%
5 Year Est. Return
-21.42%
10 Year Est. Return
+423.18%
AUM
$6.62B
AUM Growth
-$1.42B
(-18%)
Cap. Flow
-$1.01B
Cap. Flow
% of AUM
-15.25%
Top 10 Holdings %
Top 10 Hldgs %
83.15%
Holding
97
New
3
Increased
19
Reduced
30
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$127M |
| 2 |
NVIDIA
NVDA
|
+$109M |
| 3 |
ServiceNow
NOW
|
+$103M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$45.8M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$10.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIG
Figma
FIG
|
+$704M |
| 2 |
Procore
PCOR
|
+$444M |
| 3 |
Datadog
DDOG
|
+$68.9M |
| 4 |
CHYM
Chime Financial
CHYM
|
+$63.6M |
| 5 |
TSMC
TSM
|
+$33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 78.84% |
| 2 | Financials | 9.92% |
| 3 | Communication Services | 4.47% |
| 4 | Consumer Discretionary | 1.13% |
| 5 | Healthcare | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Goldman Sachs
GS
$300B
| $331K | 0.01% |
377
-68
| -15% | -$55.5K |
|
77
iShares Core S&P Small-Cap ETF
IJR
$109B
| $309K | ﹤0.01% |
2,575
+12
| +0.5% | +$1.44K |
|
78
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.1B
| $296K | ﹤0.01% |
1,398
| – | – |
|
79
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $271K | ﹤0.01% |
6,051
+51
| +0.9% | +$2.27K |
|
80
JPMorgan Chase
JPM
$935B
| $251K | ﹤0.01% |
778
-617
| -44% | -$191K |
|
81
iShares Russell Mid-Cap ETF
IWR
$56B
| $250K | ﹤0.01% |
2,595
| – | – |
|
82
iShares Russell 3000 ETF
IWV
$19.6B
| $233K | ﹤0.01% |
603
| – | – |
|
83
JD.com
JD
$44.6B
| $214K | ﹤0.01% |
7,462
-3,939
| -35% | -$123K |
|
84
Tesla
TSLA
$1.23T
| $210K | ﹤0.01% |
466
-737
| -61% | -$327K |
|
85
Bank of America
BAC
$435B
| – | – |
-4,506
| Closed | -$232K |
|
86
Berkshire Hathaway Class B
BRK.B
$1.1T
| – | – |
-782
| Closed | -$393K |
|
87
Braze
BRZE
$2.81B
| – | – |
-787,388
| Closed | -$22.4M |
|
88
Crown Holdings
CCK
$12.8B
| – | – |
-2,104
| Closed | -$203K |
|
89
Salesforce
CRM
$151B
| – | – |
-35,168
| Closed | -$8.33M |
|
90
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.12B
| – | – |
-2,329
| Closed | -$652K |
|
91
Eli Lilly
LLY
$1.02T
| – | – |
-357
| Closed | -$272K |
|
92
Netflix
NFLX
$299B
| – | – |
-3,220
| Closed | -$386K |
|
93
Invesco QQQ Trust
QQQ
$453B
| – | – |
-899
| Closed | -$540K |
|
94
Toast
TOST
$18.7B
| – | – |
-619,524
| Closed | -$22.6M |
|
95
Visa
V
$684B
| – | – |
-760
| Closed | -$259K |
|
96
Walmart Inc
WMT
$885B
| – | – |
-2,761
| Closed | -$285K |
|
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Iconiq Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Iconiq Capital held 97 positions worth $6.62B, down 18% from $8.05B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Iconiq Capital withdrew a net $1.01B in Q4 2025, closing 12 positions and reducing 30 holdings. Its most notable exit was Toast, an estimated $22.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 79% of assets, down from 83% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Iconiq Capital opened a new position in ServiceNow worth $91.8M.
- Iconiq Capital's largest Q4 2025 buy was ServiceNow: 599,070 shares worth $91.8M.
- Iconiq Capital added most to Shopify in Q4 2025, an estimated $127M increase.
- Iconiq Capital's biggest Q4 2025 reduction was Figma, cutting an estimated $704M.
- Iconiq Capital fully exited Toast in Q4 2025, selling an estimated $22.6M.
- Iconiq Capital's ten largest holdings make up 83% of its $6.62B portfolio in Q4 2025.
- Iconiq Capital opened 3 new positions and closed 12 in Q4 2025.
- Iconiq Capital's portfolio value fell 18% quarter-over-quarter to $6.62B.
Based on Iconiq Capital's 13F filing for Q4 2025, filed 13 Feb 2026.